Hi freinds....
I have a party. Who is raising the rent bill on me. I was deducting TDS on Rent Bill. But now that pary is saying that I am comming below the limit. So, can I stop dedution TDS on that Rent?......
Please, suggest me.
mayank (auditor) (41 Points)
17 August 2011Hi freinds....
I have a party. Who is raising the rent bill on me. I was deducting TDS on Rent Bill. But now that pary is saying that I am comming below the limit. So, can I stop dedution TDS on that Rent?......
Please, suggest me.
valji
(Accounts manager-MBA)
(2150 Points)
Replied 17 August 2011
what amount rent you paid , if you pay more then Rs 180000 p.a then you deduct TDS
Ashok kumar
(CA Final)
(587 Points)
Replied 17 August 2011
check the total amount of rent paid (excluding service tax) if exceed 180000 no need to deduct tds
- Ashok
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